Bitcoin / Euro may rise to 55740 - 56210

Our pivot point stands at 54050.

Our preference

The upside prevails as long as 54050 is support.

Alternative scenario

The downside breakout of 54050 would call for 53260 and 52790.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 54219 and 54147).

Supports and resistances

57150 **

56680 *

56210 **

55740

54677 last

54360

54050 **

53260 *

52790 **

Number of asterisks represents the strength of support and resistance levels.